IMF authorizes $4.7bn for Argentina after Milei’s ‘bold’ reforms – Business & Finance

WASHINGTON: The International Monetary Fund on Wednesday approved $4.7 billion for Argentina, supporting the new administration of President Javier Milei as he enacts massive cost-cutting to bring the country’s ailing economy back on track.

The disbursement is intended “to support the new authorities’ strong policy efforts to restore macroeconomic stability,” the IMF said in a…